SIBUR to use green energy to reduce carbon footprint of production

MOSCOW, RUSSIA – Media OutReach Newswire – 31 October 2024 – SIBUR, Russia’s largest producer of polymers and rubber, has agreed to purchase additional electricity from renewable sources to reduce the carbon footprint of its production sites, in line with its ESG strategy.

The company plans to purchase 62,000 MWh of electricity generated at TGC-1 hydroelectric power plants to meet the energy needs of two of its production facilities: SIBUR-PETF and POLIEF, both of which manufacture polyethylene terephthalate.

The agreement will enable SIBUR to operate one of the sites, SIBUR-PETF, entirely on renewable energy, thus achieving one of the most ambitious goals outlined in its sustainability strategy.

In addition, the deal will increase the use of green energy at POLIEF, which already operates a solar power plant that provides approximately 25% of the electricity used for the production of Vivilen granules, which are made with recycled plastic (rPET).

According to its sustainability strategy, SIBUR aims to increase the share of renewable energy in its energy mix fivefold by 2025 compared with 2020 levels. The company is already operating two solar power plants. In addition to utilising green energy, SIBUR is committed to reducing greenhouse gas emissions from production through the adoption of low-carbon technologies.

Hashtag: #SIBUR

The issuer is solely responsible for the content of this announcement.

More Articles From Media OutReach Newswire

SenseTime Records First‑Ever Profit in First Half of 2026 "Models + Token Factory + Agent Harness" Framework  Unlocks High‑Value Commercialization

SenseTime Records First‑Ever Profit in First Half of 2026 “Models + Token Factory + Agent Harness” Framework Unlocks High‑Value Commercialization

HONG KONG SAR – Media OutReach Newswire – 26 August 2026 – SenseTime Group Inc. (“SenseTime” or the “Company”; Stock …

Vinhomes Strengthens Its Position at the Forefront of Smart City Development

Project integrates UNESCO-recognized Can Gio mangrove forest as core climate infrastructure, expanding ESG to include Regeneration and Climate AdaptationHANOI, VIETNAM …

Milkground and DKSH Hong Kong Announce Strategic Partnership to Bring Cheese Products to Hong Kong

HONG KONG SAR – Media OutReach Newswire – 26 August 2026 – Milkground (600882.SH), one of China’s leading cheese brands, …

MicroBit Launches Hong Kong’s First Bitcoin and Gold ETF on HKEX Today

Hong Kong SAR – Media OutReach Newswire – 26 August 2026 – MicroBit Capital Management Limited (“MicroBit”), a Hong Kong-based …
Share via
Copy link